Published: 2026-04-02T01:49:58.000Z
Chart EUR/USD Update: Extend consolidation within 4-week triangle
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No follow-through on break above the 1.1600 level as prices settled back in consolidation within a 4-week triangle pattern
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1700 | * | congestion | S1 | 1.1500 | * | congestion | |
| 14 | 1.1667 | ** | 10 Mar high | S2 | 1.1450 | * | congestion | |
| R2 | 1.1640 | ** | congestion | S3 | 1.1410 | ** | 13 Mar YTD low | |
| R1 | 1.1600 | * | congestion | S4 | 1.1355 | * | 38.2% 2025/Jan rally |
Asterisk denotes strength of level
01:40 GMT - No follow-through on break above the 1.1600 level as prices settled back in consolidation within a 4-week triangle pattern from the 1.1667, 10 March high. Pullback see support starting at the 1.1500 level which should underpin. Break here will open up room for retest of the 1.1450 congestion and 1.1432/10 lows. Below these will further extend January losses to retrace gains from the January 2025 low. Meanwhile, resistance at the 1.1600 level now expected to cap. Only above here will expose strong resistance at 1.1640/1.1667, lower highs to retest.